More M&A News – Page 35
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NewsAkzoNobel boosts North American presence with New Nautical Coatings purchase
In a multimillion investment, global paint and coatings manufacturer AkzoNobel NV said it would significantly increase its market presence in North America and the Caribbean with the acquisition of New Nautical Coatings Inc, the owner of the premium Sea Hawk coatings brand. While no transaction figures were divulged about the ...
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NewsMalibu acquires Maverick for strategic, complementary hull and price point expansion
Malibu Boats has acquired the four brands of the Maverick Boat Group, expanding production capacity and distribution potential in what the parent company is calling a “strategic transaction that complements Pursuit and expands Malibu’s saltwater outboard offerings in boat type and price point.” Maverick, and its founder Scott Deal, are ...
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NewsOneWater buys eight Florida marinas and boat dealerships
The US retail giant has further expanded its presence in Florida with the acquisition of two more yachting businesses, including the company’s largest acquisition to date.
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NewsUK yacht brokerage gets new owner
UK-based yacht dealership and brokerage firm Key Yachting has been taken over by Thinking Space Systems, a technical furniture company owned by Wayne Palmer and Hayley Quinn.
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NewsTeledyne to acquire FLIR Systems
Raymarine parent company, FLIR, enters into $8 billion deal with digital imaging and instrumentation specialists Teledyne. Yesterday’s announcement and follow-up Q&A with analysts hint at the near-term future of FLIR’s portfolio, including Raymarine
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NewsBoats Group $850 million sale update
New owners of the international online brokerage service believe the boating industry has many unmet needs
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NewsLippert acquires boat seating business
US-based Lippert Components expanded its holdings in the marine sector with third acquisition in 2020
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NewsInvestors in boatbuilding – the successes and failures of the past seven decades
International Boat Industry (IBI) will be presenting a three-part series starting on Thursday which tracks mergers and takeovers in the boatbuilding business and the outcomes for strategic and financial investors from the 1960s to the 2020s.
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NewsFormer Ferretti owners purchase the Boats Group for a reported $850m
The private equity firm Permira, which had a controlling stake in Ferretti in the early 2000s, has re-entered the marine leisure industry by acquiring Boats Group from fellow private equity investors, Apax Partners. Although the deal was struck on the 29th of December, the transaction value was not disclosed either ...
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NewsSportsman’s Warehouse to join The Great American Outdoors Group
Hundreds of US fishing and boating outlets consolidated following latest acquisition of the world’s largest boat dealer
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NewsBSI A/S Group acquires UK rigging specialist
Danish deck hardware and rigging manufacturer BSI A/S has acquired OYS Rigging, taking over the UK brand and all associated assets. “We are delighted to be owners of OYS, with a UK facility and working together with the knowledgeable manufacturing team,” says Morten Madsen, managing director of BSI A/S. “This ...
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NewsCatana puts Tunisian acquisition on hold
France’s Catana Group has indicated it is not going forward with the planned acquisition of Magic Yachts in Tunisia, first announced last December
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NewsSandals Resorts International boosts Caribbean marina portfolio
Sera Boca Marina has 135 berths for yachts of up to 30m Sandals Resorts International (SRI), the all-inclusive luxury resort operator in the Caribbean, has expanded its marina involvement through the purchase of the 3,000-acre Santa Barbara resort on Curaçao which hosts two on-site marinas. With this ...
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NewsNextStage sells Fountaine-Pajot stake
Paris-listed investment company NextStage announced yesterday that it has sold its entire 38% stake in the Fountaine-Pajot Group. “Over the last five years, NextStage has supported us on a variety of strategic issues. Our collaboration has been rich in developments, most especially the acquisition of Dufour Yachts and a capital ...
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NewsLloyd’s Register to acquire C-MAP Commercial from Navico Group
Provider of marine charting solutions, voyage optimisation and fleet analytics will be integrated into i4 Insight platform
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NewsItalian PE firm buys majority share in Cantiere del Pardo
Wise Equity acquires 60% stake in the Italian yacht-builder
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NewsShoremaster/HydroHoist acquires Neptune Boat Lifts
Shoremaster/HydroHoist in the US has acquired Neptune Boat Lifts Inc, the premier saltwater boat lift brand based in Fort Lauderdale, Florida, for an undisclosed sum.
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NewsRolls-Royce buys UK supplier of ship control systems
Rolls-Royce has acquired Servowatch Systems, a UK-based international supplier of integrated marine automation solutions for navies, commercial vessels and large yachts. Representatives of Rolls-Royce’s Power Systems business unit and the company’s previous owner, India-based Larsen & Toubro, signed the contracts on 1 December. Terms of the deal were not disclosed.
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NewsOneWater to acquire Tom George Yacht Group
US-based OneWater Marine and the Tom George Yacht Group (TGYG) should close on a deal before the end of the year for the former to acquire the latter. The acquisition will expand OneWater’s presence on the Florida Gulf coast along with yacht brokerage service and the number of boat brands ...
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NewsKorean Air to sell yacht marina for US$117m
A Korean investment group has signed a memorandum of understanding to acquire Wangsan Leisure Development, operator of Wangsan Marina, from Korean Air Lines for approximately US$117m. Consus Asset Management and Mirae Asset Daewoo announced the memorandum on Monday, as Korea Air Lines moves to divest assets as part of its ...
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